Christopher King News
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Clearwire Corp. climbed higher above Sprint Nextel Corp.’s $2.97-a-share takeover bid on the day before investors meet to vote on the deal, a sign shareholders anticipate a last-minute sweetening of the terms.
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AT&T Inc. may seek to acquire Dish Network Corp., the second-largest U.S. satellite-TV company, to gain wireless spectrum after failing to purchase T-Mobile USA and its airwaves, Stifel Nicolaus & Co. said.
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Carlos Slim’s title as the world’s richest person is increasingly under threat as Latin American countries move to crack down on his telecommunications dominance and his European investments turn sour.
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Mexico may gain the power to break apart telecommunications companies that control more than half the market, potentially crimping carriers such as Carlos Slim’s America Movil SAB.
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Lawmakers from Mexico’s three biggest parties plan today to present a wide-ranging telecommunications bill that ends a longstanding limit on foreign investment, one of the proposal’s architects said.
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Just six pages long, it is stoking a new moral urgency for climate action and forcing the financial world to reconsider the value of fossil fuel reserves.
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The best escape for shareholders of Clearwire Corp., a stock whipsawed more than any other in the Russell 1000 Index, would be locking in a bid from Sprint Nextel Corp., even at $3 a share.
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Carlos Slim is likely to keep his dominance over Mexico’s wireless industry as government regulations deter potential rivals such as Deutsche Telekom AG from bidding for airwave licenses this week.
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Carlos Slim, the world’s richest man, shed $3.8 billion from his net worth yesterday as shares of America Movil SAB slid 10 percent after the mobile phone operator said slower economic growth in Mexico hurt revenue.
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Carlos Slim, the world’s richest man, shed $3.8 billion from his net worth yesterday as shares of America Movil SAB slid 10 percent after the mobile phone operator said slower economic growth in Mexico hurt revenue.
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